News
Gable in u-turn over plan to delist from AIM
Troubled insurer Gable has performed a u-turn on its plan to delist from the stock exchange.
#postpeople 19 - 23 September
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LV sees 85% drop in underwriting profit in H1 2016
LV Group has described its H1 2016 GI results as ‘solid’, despite an 85% drop in underwriting profit and a 69% drop in operating profit from the same period last year.
Axa's Bouas-Laurent swaps Germany for Asia
Etienne Bouas-Laurent, former chief financial officer at Axa Germany, has been appointed CEO of life and savings and distribution for Axa Asia.
Video: Dive In - Hugh Hessing, Virginia Clegg and Pauline Miller on the importance of diversity and inclusion
With a week to go until Lloyd's Dive in festival Hugh Hessing of Aviva Ireland, Pauline Miller of Lloyd’s of London, and Virginia Clegg of DAC Beachcroft talk about why diversity in insurance is important.
QBE hires Teixeira for bancassurance and emerging markets' roles
Australian giant QBE has hired Marcelo Teixeira in a dual role.
AIG sells Ascot stake to Canadian pension firm
Insurance giant AIG has sold its 20% stake in Ascot Underwriting and fully-owned subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board for $1.1bn (£840m).
XL Catlin to acquire Lloyd's MGA in Australia
Global insurer XL Catlin has entered into an agreement with Paul Hines, the owner of Sydney-based Brooklyn Underwriting, to acquire the MGA.
Axa calls for end of construction on flood plains as flash floods hit
Following today’s flash floods that saw half a month’s worth of rain dumped over parts of England, Axa has called for the government to end construction on flood plains and encourage greater resilence in repairs.
SSP sends compliance message to brokers via the FCA
In midst of the recent outrage, SSP has sent a message to its brokers via the Financial Conduct Authority to demand total compliance.
Lawyers welcome SRA's decision not to lift ban on cold calling
The Solicitors Regulation Authority has said it has no intention to lift the ban on solicitors’ cold calling.
Google France looks to re-enter insurance market amid talks with insurers
Google's French division is seeking partnerships with insurance companies to work across some of its businesses including smart-tech provider Nest.
Watchstone not yet recognising liability for £9.4m damages claim from investors
Watchstone Group, formally Quindell, has stated in its half year results that it is not yet recognising any liability for the £9.4m claim for damages made against it by Quindell shareholders.
SSP admits possible loss of a week’s worth of data
A week’s worth of documents may have been lost by SSP as a result of the outage that occurred 20 days ago.
Lords committee launches inquiry into driverless vehicles
The House of Lords Science and Technology Committee is to conduct an inquiry into future uses of autonomous vehicles in the UK.
Treasury Committee's Solvency II inquiry to focus on capital requirements for annuities
The Treasury Committee’s inquiry into Solvency II post-Brexit is likely to examine capital requirements for annuities and potential risks for reinsurers, according to Fitch Ratings.
Aviva to cut 85 full-time roles in Leicester and London
Aviva will cut 85 full-time roles from its commercial underwriting teams as a result of a refocus on its digital and local trading solutions.
Chubb expands UK cyber risk capabilities
Chubb has expanded its cyber risk engineering capabilities in the UK and Ireland.
Cold calling ban on solicitors could be dropped by SRA
The rule which bans solicitors from cold-calling members of the public could be dropped as part of the Solicitors Regulation Authority handbook review, prompting lawyers and insurers to urge against the move.
Finch parent company acquires Swiss brokers Advantis
Verlingue, parent company of Manchester based corporate insurance broker Finch, has acquired Swiss commercial insurance brokers Advantis, an offshoot of the insurance handling arm of KPMG.
CPP will spend £6.5m on own platform rather than use SSP
A credit card insurer said it will spend £6.5m to develop its own IT platform rather than use SSP as a partner.
One third of UK firms now buy cyber cover
UK firms are taking increasingly seriously the need for adequate cyber insurance, with 29% of businesses now in the process of buying cover.
CCPC issues summonses to Irish motor insurers as premiums continue to rise
Major Irish motor insurers and brokers have been issued with witness summonses from the Competition and Consumer Protection Commission.
Lloyd's Market Association appoints Tom Hamill to lead delegated authority matters
The Lloyd’s Market Association has appointed Tom Hamill as senior executive, underwriting. Hammill will lead on all delegated authority matters, including binding authorities, lineslips, consortia and other facilities.